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Inogen misses revenue target, reports loss

By   /  Thursday, November 5th, 2020  /  Banking & Finance, Central Coast Health Watch, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Inogen misses revenue target, reports loss

Inogen, a Goleta-based medical technology company that produces a portable oxygen concentrator, reported a net loss of $1.7 million and missed revenue estimates in its third quarter financial report. The company saw an almost 20% drop in total revenue from its position a year before, which it attributed to COVID-19. While the company’s rental revenue Read More →

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Resonant bets big on 5G equipment

By   /  Monday, November 2nd, 2020  /  Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Resonant bets big on 5G equipment

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LTC earnings drop as pandemic hurts rent income

By   /  Friday, October 30th, 2020  /  Banking & Finance, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC earnings drop as pandemic hurts rent income

LTC Properties, a senior housing and health care real estate investment trust, posted another quarter of low net income when it filed its third quarter financial report on Oct. 29. The Westlake Villaged-based company announced a net income of $12.1 million, or 31 cents per diluted share, compared to $27.1 million, or 68 cents per Read More →

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Mission Bancorp reports growth in earnings, revenue, deposits

By   /  Friday, October 30th, 2020  /  Banking & Finance, Banking Industry, Central Coast, Earnings, Latest news, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Mission Bancorp reports growth in earnings, revenue, deposits

Mission Bancorp, which has business banking offices in Ventura and San Luis Obispo, set a new all-time record for net income when it announced its third quarter financial results. The bank reported a net income of $4.2 million, or $2.07 per basic common share, compared to the net income of $3.7 million, or $1.85 per Read More →

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Deckers reports earnings growth, record revenue

By   /  Thursday, October 29th, 2020  /  Banking & Finance, Earnings, Latest news, South Coast, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Deckers reports earnings growth, record revenue

Deckers Brands, a footwear company based in Goleta, reported increases in sales and earnings in the most recent fiscal quarter, on the strength of major sales growth by its Teva and Hoka One One brands. Its earnings report for the second quarter of 2020-21, released Oct. 29, showed revenue up 15% from the same quarter Read More →

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Marvell to buy Inphi in $8B semiconductor deal

By   /  Thursday, October 29th, 2020  /  Banking & Finance, Earnings, East Ventura County, Latest news, middle, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Marvell to buy Inphi in $8B semiconductor deal

Marvell Technology Group, a major semiconductor company, announced Oct. 29 it will acquire Inphi, a competitor based in Santa Clara with significant operations in Thousand Oaks, in a cash and stock deal worth about $8 billion. Under the agreement, Marvell will pay Inphi shareholders $66 for each share of Inphi stock, along with 2.323 shares Read More →

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Amgen beats expectations in Q3 earnings report

By   /  Wednesday, October 28th, 2020  /  Banking & Finance, Biotech, Earnings, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen beats expectations in Q3 earnings report

Amgen, one of the biggest biopharmaceutical companies in the world, continued to see growth in the third quarter of 2020, despite the COVID-19 pandemic. The Thousand Oaks-based company saw total revenue of $6.4 billion for the quarter, up 12 percent from the third quarter of 2019. Earnings per share increased 5 percent to $3.43. Both Read More →

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